Continental Resources (CLR) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Continental Resources (NYSE:CLR) from a neutral rating to an outperform rating in a research note issued to investors on Monday, MarketBeat reports. Robert W. Baird currently has $54.00 target price on the oil and natural gas company’s stock, up from their prior target price of $46.00.

Several other research firms have also commented on CLR. ValuEngine raised Continental Resources from a sell rating to a hold rating in a report on Friday, December 1st. Credit Suisse Group assumed coverage on Continental Resources in a report on Monday, December 11th. They set an outperform rating and a $57.00 target price on the stock. Macquarie upgraded Continental Resources from a neutral rating to an outperform rating and increased their price target for the stock from $53.57 to $55.00 in a research report on Thursday, December 14th. SunTrust Banks reiterated a buy rating and set a $55.00 price target on shares of Continental Resources in a research report on Friday, November 10th. Finally, BMO Capital Markets reiterated a buy rating on shares of Continental Resources in a research report on Sunday, November 12th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $47.19.

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Shares of Continental Resources (NYSE CLR) opened at $49.61 on Monday. The company has a market capitalization of $18,137.60, a PE ratio of 1,208.50 and a beta of 1.44. Continental Resources has a 1-year low of $29.08 and a 1-year high of $53.57. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55.

Continental Resources (NYSE:CLR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The firm had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. Continental Resources’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same period last year, the company earned ($0.22) earnings per share. analysts predict that Continental Resources will post 0.3 EPS for the current year.

In other news, Director Mark E. Monroe sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $47.90, for a total value of $958,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 76.87% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its position in shares of Continental Resources by 244.1% in the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after acquiring an additional 2,810 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Continental Resources by 35.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock worth $187,000 after buying an additional 1,261 shares in the last quarter. Sii Investments Inc. WI purchased a new position in Continental Resources during the third quarter worth approximately $200,000. Sei Investments Co. lifted its position in Continental Resources by 131.7% during the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock worth $205,000 after buying an additional 3,009 shares in the last quarter. Finally, IndexIQ Advisors LLC purchased a new position in Continental Resources during the second quarter worth approximately $210,000. Institutional investors and hedge funds own 22.54% of the company’s stock.

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About Continental Resources

Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.